See below for new liquids vessel classifications to better reflect the reality on the ground, for both crude oil and clean petroleum product vessels, based on their lower limit for DWT:
Crude Oil:
Old Type | Lower limit DWT | New Type | Lower limit DWT |
ULCC | 320,000 | VLCC | 200,000 |
VLCC | 200,000 | VLCC | 200,000 |
Suezmax | 120,000 | Suezmax/LR3 | 120,000 |
Aframax | 80,000 | Aframax/LR2 | 80,000 |
Panamax | 60,000 | Panamax/LR1 | 60,000 |
|
| MR | 42,000 |
|
| Handy/MR1 | 27,000 |
Product Tanker | 10,000 | Intermediate Tankers | 15,000 |
|
| Short Sea Tankers | 5,000 |
Small Tanker | 0 | Small Tankers | 0 |
Clean petroleum products:
Old Type | Lower limit DWT | New Type | Lower limit DWT |
VLCC | 200,000 | VLCC | 200,000 |
LR3 | 125,000 | Suezmax/LR3 | 120,000 |
LR2 | 85,000 | Aframax/LR2 | 80,000 |
LR1 | 55,000 | Panamax/LR1 | 60,000 |
MR | 33,000 | MR | 42,000 |
|
| Handy/MR1 | 27,000 |
GP | 10,000 | Intermediate Tankers | 15,000 |
|
| Short Sea Tankers | 5,000 |
Small Tanker | 0 | Small Tankers | 0 |